Evolution Gaming is looking to cement their standing as the largest online gaming distributor in the United States with a recent bit to acquire NetEnt for a sum of $2.13 billion.
The proposed buyout offer from Evolution Gaming sees the iGaming giant offering 0.1306 shares for each NetEnt share which are valued at 43% above their current transaction sees Nasdaq Stockholm closing price at $8.60. It’s an offer that sees Evolution Gaming targeting 90% of NetEnt’s shares, with Evolution saying it is non-negotiable.
Shareholders have between the 17th of August 2020 to the 26th of October 2020 to decide if they will accept the other. The board has advised that the buyout of NetEnt by Evolution Gaming would be a strategically sound move for the company and extremely beneficial to all parties. The shareholders would then benefit from the combined growth of both brands.
The announcement comes after Evolution Gaming recently launched a brand-new title in their Infinite Range. The new Power Blackjack offers players a variety of features and allows for an infinite number of players to take a seat at the table. The Swedish live casino studio also saw recent success with the launch of three new titles in their First Person range. The release of First Person Football Studio, First Person Baccarat and First Person Dragon Tiger, happened earlier this year.
The brand, which has already been named the Online Casino Supplier of the Year at the Global Gaming Awards is now striving to become the world’s leading live and online casino supplier through the acquisition of NetEnt.
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